
| ANNUAL INCENTIVE PLAN PURPOSE | ||
| ELIGIBILITY | ||
| ANNUAL INCENTIVE COMPONENTS & WEIGHTINGS | ||
| Plan Component | Component Weighting | |||||||
| Officers | Other Associates | |||||||
| Company Performance | 80% | 60% | ||||||
| Individual Performance | 20% | 40% | ||||||
| COMPANY PERFORMANCE METRICS | ||
| Company Performance Metric | Metric Weighting | |||||||
| Adjusted Revenue | 40% | |||||||
| Adjusted OIBDA | 40% | |||||||
| New Cash Site Rental Revenue | 20% | |||||||
Performance Measure | Minimum | Maximum | ||||||
| Adjusted Revenue | 90% | 110% | ||||||
| Adjusted OIBDA | 85% | 115% | ||||||
| New Cash Site Rental Revenue | 50% | 150% | ||||||
| Performance Measure | Minimum | Target | Maximum | ||||||||
| Adjusted Revenue | 50% | 100% | 200% | ||||||||
| Adjusted OIBDA | 50% | 100% | 200% | ||||||||
| New Cash Site Rental Revenue | 50% | 100% | 200% | ||||||||
INDIVIDUAL PERFORMANCE METRICS | ||
| Individual Performance Rating | % Payout Range | |||||||
| Far Exceeds Expectations (FE) | 140% - 160% | |||||||
| Exceeds Expectations (EE) | 115% - 135% | |||||||
| Meets Expectations (ME) | 90% - 110% | |||||||
| Partially Meets Expectations (PM) | 0% - 50% | |||||||
| Fails to Meet Expectations (FM) | 0% | |||||||
MISCELLANEOUS PROVISIONS | ||
| /s/ Anthony J. M. Carlson | March 19, 2026 | |||||||||||||
| President and CEO | Date | |||||||||||||
| /s/ Walter C. D. Carlson | March 22, 2026 | |||||||||||||
| Chair | Date | |||||||||||||
| ADMINISTRATIVE GUIDELINES | |||||
| PLAN YEAR EFFECTIVE DATES | January 1, 2026 – December 31, 2026 | ||||
GENERAL ADMINISTRATION | Exempt Associates: The target annual incentive payout for exempt participants will be based on the associate’s base earnings paid during the plan year (in the case of a mid-year rehire, starting from their rehire date). Base Earnings are defined as base wages, paid time off taken, and any differential pay (excludes Short-term disability pay, Long-term disability pay, Paid Parental Leave, Military Service Leave of Absence, any Paid Personal Leave of Absence, incentives, merit-related lump sum payments, equity, on call pay and any additional compensation not related to base earnings). Non-Exempt Associates: The target annual incentive payout for non-exempt participants will be based on the associate’s base earnings and over-time (OT) earnings paid during the plan year (in the case of a mid-year rehire, starting from their rehire date). Base Earnings are defined as base wages, paid time off taken and any differential pay (excludes Short-term disability pay, Long-term disability pay, Paid Parental Leave, Military Service Leave of Absence, any Paid Personal Leave of Absence, incentives, merit-related lump sum payments, equity, on call pay and any additional compensation not related to base earnings). | ||||
| VESTING | The incentive does not vest, and no incentive shall be paid, unless the associate remains actively employed through the actual incentive payout date (however, in the event of retirement / death prior to the actual incentive payout date, see Separation Prior to Payout Date below). | ||||
| NEW HIRE ELIGIBILITY | Associates must be hired on or before September 30th of the plan year to be eligible. | ||||
| INDIVIDUAL PERFORMANCE | Any associate who receives an annual individual performance rating of Far Exceeds Expectations, Exceeds Expectations, or Meets Expectations is eligible for an incentive payout. An Associate who receives an annual individual performance rating of Partially Meets may be eligible for an incentive payout. No incentive will be paid to any associate who receives an annual individual performance rating of Fails to Meet Expectations, regardless of company performance, unless otherwise approved by the President and CEO and/or Chair of Array, as appropriate. | ||||
SEPARATION PRIOR TO PAYOUT DATE RETIREMENT OR DEATH PRIOR TO PAYOUT DATE | Not eligible for a payout unless separation is due to reasons of retirement or death and under the circumstances described below (or unless approved by the President and CEO and/or Chair of Array, as appropriate). Associate must have elected to retire on or after age 55 with a minimum of 10 years of total combined adjusted service within Array and any other TDS business units to be eligible for a retirement payout (unless otherwise approved by the President and CEO and/or Chair of Array, as appropriate). An associate will not be eligible for a retirement payout if the associate is separating for any other reason, even if the associate has satisfied the age and service requirements for retirement. In the event of death or retirement during the plan year (1/1 – 12/31), a prorated incentive for time worked during 2026 will be paid provided that the associate has been employed through at least January 31st of the plan year. An associate who is not employed through at least January 31st of the plan year will not be eligible to receive any incentive payout. Company performance for such payout will be at target (100% Plan attainment). Individual performance for such payout will be at target (100% Plan attainment). The payout will be made as soon as administratively possible following the date of the event (but no later than the Incentive Payout Date, as described below). In the event of death or retirement after the plan year, but before the payout date for the plan year, a participant will be eligible to receive an incentive for that year based upon actual Plan attainment for company performance. Individual performance will be paid out at 100% of target. The payout will be made as soon as administratively possible following the date of the event and after receiving actual Plan attainment (but no later than the Incentive Payout Date, as described below). | ||||
| TRANSFERS/PROMOTIONS WITHIN COMPANY DURING PLAN YEAR | Within this Plan: If an associate is promoted / transferred within this Plan, no prorations will be made in determining the associate’s incentive. The associate’s incentive will be based on the associate’s effective position as of 09/30/26. Between this Plan and a Quarterly or Monthly Plan: Prorated payouts from both plans will be determined following the end of that plan’s incentive period. The following factors will be considered in the determination of the payout: both plans’ attainment percentages, individual performance in each plan, eligible base earnings from each position occupied during the plan year (if applicable), target incentive assigned for each plan, and percentage of time worked in each plan during the plan year. | ||||
| TRANSFERS TO/ FROM TDS DURING THE PLAN YEAR | If an associate transfers to/from another TDS business unit, he/she/they will be eligible to receive a prorated payout under this Plan based on time worked at Array and performance while at Array. Any incentive for those who transfer to/from another TDS business during the plan year will be based on the associate’s effective position at Array as of 09/30/26 or their official system transfer date of record, which will be used if transfer to TDS occurs before 09/30 or if transfer to Array occurs after 09/30. | ||||
| INCENTIVE PAYOUT DATE | The incentive will be paid no later than March 15th of the year following the end of the plan year (12/31/2026). Notwithstanding the foregoing, in the event that payment by March 15, 2027 is administratively impracticable and such impracticability was unforeseeable (in each case, such that the payment continues to qualify as a “short-term deferral” within the meaning of section 409A of the Internal Revenue Code), payment will be made as soon as administratively practicable after March 15, 2027, but in no event later than December 31, 2027. Payment will be in the form of a lump sum. | ||||